6051 Garth #300 Rd - Health Care FOR SALE


Baytown, TX 77521
$999,999 USD
6051 Garth #300 Rd, Baytown, TX for Sale
$999,999 USD
Health Care - FOR SALE
1/7
null | 8.85% Cap Rate

6051 Garth #300 Rd
Baytown, TX 77521


HIGHLIGHTS

  • Excellent Investment Opportunity! Income Producing, profitable leased commercial location
  • Fully leased to single tenant for 7 years with 2 5-yr renewal options
  • 3920 sq.ft. Individually owned/operated attached commercial condo
  • High Visibility location on Garth Road w/in 1 mile from I-10 and 1.8 miles from Baytown Methodist Hospital
  • Great CAP Rate of 8.854% which includes NNN and owner paid commercial condo fees
  • Reception, offices, bathrooms

OVERVIEW

Leased property with 7 year lease with tenant renewal options through year 17. Lease start date Jan 10, 2024 running through Jan 10 2031 with 2 5-year renewal periods through Jan 10 2041. Average lease amount is $7800/month NNN. Tenant pays own utilities and cap rate is exclusive of taxes/insurance/maintenance as those are paid by tenant. Lease rate escalates each year with final year at $9,193/month. Property consists of a commercial condo - 3920 sq.ft. in a 1-story medical strip center with high visibility on Garth Rd only 1 mile from I-10.

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$255 USD /SF

CAP RATE

8.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial Medical Office Condo

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

121

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,636 SF

ZONING

-

APN/PARCEL ID

1334680000004

ASK ABOUT THIS PROPERTY

Norman FrenkGary Greene Commercial Real EstateMore Info

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Norman FrenkGary Greene Commercial Real EstateMore Info

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